FAIRNESS ALERT: ROSEN, A TOP RANKING LAW FIRM, Encourages Investors of Alfi, Inc. with Losses Over $ 100,000 to Obtain Legal Counsel Before Important Securities Class Action Deadline – ALF
NEW YORK–(COMMERCIAL THREAD) –WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of buyers of securities of Alfi, Inc. (NASDAQ: ALF): (1) in accordance with and / or traceable to the Company’s initial public announcement of the offer made on or around May 4, 2021 (the “IPO” or “the” Offer “) and / or (2) between May 4, 2021 and November 15 2021 inclusive (the “Recourse Period”). A class action has already been filed. If you wish to act as the principal applicant, you must apply to the Court by January 31, 2022 at the latest.
SO WHAT: If you have purchased securities of Alfi, you may be entitled to compensation without payment of any fees or additional charges through a contingency fee agreement.
WHAT TO DO NEXT: To join the Alfi class action lawsuit, go to http://www.rosenlegal.com/cases-register-2201.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action. A class action suit has already been filed. If you wish to act as the principal applicant, you must apply to the Court by January 31, 2022 at the latest. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.
WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing a lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.
CASE DETAILS: According to the lawsuit, the offering documents issued in connection with the Company’s IPO were negligently prepared and, therefore, contained false statements of material fact or failed to state other facts necessary to that the statements made are not misleading and have not been prepared in accordance with the rules and regulations governing their preparation. In addition, according to the lawsuit, throughout the Class Period, the defendants have made materially false and misleading representations regarding the Company’s business, operational and compliance policies. Specifically, the Offer Documents and the Defendants made false and / or misleading statements and / or failed to disclose that: (1) Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting ; (2) accordingly, the Company and its employees could and did participate in corporate transactions and other matters without sufficient and appropriate consultation with or approval by the Board of Directors of the Company; (3) all of the above increased the risk of internal and regulatory investigations on the Company and its employees; (4) all of the foregoing, when disclosed, was likely to have a material adverse impact on the Company’s reputation, financial condition and ability to timely file periodic reports with the SEC; and (5) accordingly, the Company’s public statements were materially false and misleading at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.
To join the Alfi class action lawsuit, go to http://www.rosenlegal.com/cases-register-2201.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing [email protected] or [email protected] for information on the class action.
No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the board of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.
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